Rajan Vaswani, CEO of Felix Schoeller India (left), and Guido Hofmeyer, CFO of the Felix Schoeller Group, sealed the agreement that takes the long-standing partnership of both companies to a new level.

The Felix Schoeller Group, the manufacturer of high-quality speciality papersof Osnabrueck, Germany, and the owners of New (India) Imaging Industries enter into a newly formed Joint Venture in India. The agreement is to take the long-standing partnership of both companies to a new level. The Felix Schoeller Group and the owners of New (India) Imaging Industries have sucessfully worked together since 1996 in the converting and selling of high quality digital printing papers.

The new Joint Venture will operate under the nameFelix Schoeller India, the legal entity will be registered as Schoeller India Industries Pvt. Ltd. In addition to further developing the existing sales and marketing activities, the Joint Venture will invest in a new converting plant in Mumbai.

The future product portfolio will include a wide range of products from photo papers and sublimation media to nonwoven wallpaper as well as solvent and latex papers. “This is an important step for both partners”, commented Guido Hofmeyer, CFO of the Felix Schoeller Group. „We are convinced about the market potential in India and particularly from the strength of our partnership with the Vaswani family.”